https://twitter.com/DellAnnaLuca/status/1662111839977893888
The recent wealth tax increase in Norway was expected to bring an additional $146M in yearly tax revenue
— Luca Dellanna (@DellAnnaLuca) May 26, 2023
Instead, an estimated $54B-worth of ultra-rich left the country, leading to a lost $594M in yearly wealth tax revenue
A net decrease of $448M+
(sources and calculations β)
If you love our People of Means, please join !neolibs
Jump in the discussion.
No email address required.
Did these people learn nothing from the fr*nch when they tried to do this? This shit doesn't work.
Why are they doing this anyway? Did they run out of oil money already?
Jump in the discussion.
No email address required.
Norway
has a culture that is in opposition to wealth inequality, so the wealth tax is really just about "owning the rich".
Jump in the discussion.
No email address required.
why would rich people do this?
Jump in the discussion.
No email address required.
More options
Context
More options
Context
Yeah, that's what's puzzling me, if there's one thing Norway is not in dire need of it's public funds.
The answer though is probably just lefty seethe. Rich man evil.
Jump in the discussion.
No email address required.
More options
Context
That's your explanation
Jump in the discussion.
No email address required.
More options
Context
When you get to a certain level of wealthy people start following pipe dreams. It serves as like an upper limit on development I think.
Jump in the discussion.
No email address required.
More options
Context
More options
Context